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The market rebounded on turnaround Tuesday following an $800 billion stimulus package from the Fed that would include checks being mailed to all Americans. The major indexes settled off their midday highs as sentiment remains fragile over the coronavirus pandemic with volatility remaining at historic levels.The Russell 2000 closed on its session peak of 1,106 while showing the most strength....
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The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher. The Nasdaq traded to an record high of 9,748...
Continue reading >>Keep an eye on Carnival (CCL). The stock has been battered by the coronavirus story. However, it’s down too far, too fast, and could soon recover, even though it could see an EPS loss of 55 to 65 cents a share if operations in Asia are suspended through April 2020. “While that has not come to pass and may be averted, the cruise line said there will be a material impact on...
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The market was choppy throughout Thursday’s session after opening lower while rebounding midday to set another round of fresh all-time highs. The coronavirus fears looked like they would spark a deeper pullback in the overall market, but the major averages recovered some of their early losses with the small-caps bucking the trend to close higher. The Nasdaq traded to an record high of 9,748...
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